<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 11): Press Metal Aluminium Holdings Bhd (KL:<a href="/askedge/klse/8869" class="ce-stock" target="_blank">PMETAL</a>) executive director Datuk Koon Poh Kong has offloaded 6.3 million shares, representing 0.08% in the aluminium company, for a total of RM32.04 million.</p></div>

<div class=newsTextDataWrapInner><p>The shares were sold on Wednesday (Oct 9) through a direct business transaction at RM5.0853 per share, according to a filing with Bursa Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>Following the stake disposal, Koon’s stake in the company was reduced from 2.082% to 2.006%.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>He is one of the key founders of Press Metal together with his brothers, group chief executive officer Tan Sri Datuk Koon Poh Keong, executive chairman Koon Poh Ming and executive directors Koon Poh Weng and Datuk Koon Poh Tat.</p></div>

<div class=newsTextDataWrapInner><p>According to <em>Bloomberg</em>, the brothers' collective direct stake in the company amounts to 18.57%, with Poh Keong holding 2.74%, Poh Ming 6.22%, Poh Weng 5.68% and Poh Tat 2.73%. Poh Keong also has a total 33.81% indirect stake held through Alpha Milestone Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>For the six months ended June 30, 2024, Press Metal’s net profit climbed 55.48% to RM913.87 million from RM587.76 million in the same period a year earlier while revenue rose 10.86% to RM7.57 billion from RM6.83 billion. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Shares of Press Metal closed down one sen or 0.2% to RM4.88 on Friday, giving it a market capitalisation of RM40.29 billion.</p></div>


Press Metal Aluminium Holdings Bhd (KL:PMETAL) executive director Datuk Koon Poh Kong has offloaded 6.3 million shares, representing 0.08% in the aluminium company, for a total of RM32.04 million.

Press Metal founder sells 6.3 mil shares for RM32.04m 

The government has reached 89% of the target for the construction of 500,000 affordable homes (RMM), with 443,259 units completed, under construction, or planned across the country as of September.

The Ministry of Housing and Local Government said that the remaining 56,741 affordable housing units are expected to be completed by the end of the 12th Malaysia Plan (12MP).

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Bagan Member of Parliament Lim Guan Eng called for an increase in the corporate income tax threshold to alleviate the burden on small and medium enterprises (SMEs) following the implementation of the new minimum wage of RM1,700.

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Lee Hsien Yang, the youngest son of the founder of modern Singapore Lee Kuan Yew and estranged brother of former premier Lee Hsien Loong, said on Tuesday he is now a political refugee from Singapore under the UN Refugee Convention.

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CelcomDigi Bhd (KL:CDB) CEO Datuk Idham Nawawi plainly admits that the group prefers to lead the second 5G network rather than take over the existing 5G network under state-owned Digital Nasional Bhd (DNB) when Malaysia transitions to a dual network model for 5G versus a single wholesale network ...

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The US is paying close attention to the ‘dark fleet’ of tankers carrying restricted oil and doing ship-to-ship transfers in Southeast Asian waters, the State Department’s top energy official said.

Countries in the region need to consider the risks these activities pose, Geoffrey Pyatt, an assistant secretary for energy resources, said on the sidelines of the Singapore International Energy Week conference.

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The Ministry of Plantation and Commodities on Tuesday proposed investing in new technologies and infrastructure to more efficiently convert wastes from palm oil production into biomass energy.

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<p>Petroliam Nasional Bhd (Petronas)&nbsp;is considering selling a minority stake in renewable energy firm Gentari Sdn Bhd&nbsp;to help expand the business, according to people with knowledge of the matter.</p>

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<p>Beverage manufacturer Life Water Bhd has launched its initial public offering (IPO) that would raise RM81.87 million for its listing on the Main Market.</p>

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<p>Housing and Local Government Minister Nga Kor Ming said that the new proposal under the Urban Renewal Act (URA) to lower the threshold of consent from strata owners is intended to speed up the redevelopment of sites, while still safeguarding owners' rights.</p>


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<p>Prime Minister Datuk Seri Anwar Ibrahim defended&nbsp;the&nbsp;political appointees&nbsp;in government-linked companies (GLCs) and government-linked investment companies (GLICs) made under the unity government, saying they are all professionals.</p>


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<p>Bank Negara Malaysia (BNM) will stay on its toes against risks of faster than expected inflation in 2025 as the government embarks on subsidy rationalisation and raising taxes, said DBS Bank.</p>


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<p>Lee Hsien Yang, the youngest son of the founder of modern Singapore Lee Kuan Yew and estranged brother of former premier Lee Hsien Loong, said on Tuesday he is now a political refugee from Singapore under the UN Refugee Convention.</p>


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<p>Prime Minister Datuk Seri Anwar Ibrahim emphasised that the government's approach to addressing hardcore poverty is inclusive and non-discriminatory, ensuring that all citizens in need, regardless of race, receive assistance.</p>


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<p>The Ministry of Plantation and Commodities on Tuesday proposed investing in new technologies and infrastructure to more efficiently convert wastes from palm oil production into biomass energy.</p>
